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House Passes Measure Against Hike In Debt Limit

January 19, 2012 by  

House Passes Measure Against Hike In Debt Limit

In one of its first actions of the new year, the House passed a symbolic measure against President Barack Obama’s request to increase the Federal debt limit by $1.2 trillion, The Washington Times reported.

According to the newspaper, the bipartisan debt and budget agreement that occurred last summer allowed the White House to automatically raise the debt ceiling 15 days after the President notifies lawmakers that the debt level is approaching the current $15.2 trillion cap. If both chambers of Congress agree, the Administration’s request can be halted.

The measure against the further hike of the debt ceiling passed 239 to 176 in the House, as votes were issued along party lines. Republicans said the vote was important in showing that Democratic spending had reached a level that was much too high.

“House Republicans once again rejected the Obama Administration’s pursuit to continue its reckless spending binge and reaffirmed our commitment to fiscal responsibility,” Representative Pete Sessions (R-Texas) said in a statement. “Since President Obama took office, our national debt has increased by $4.6 trillion and is now greater than the value of our entire economy.”

Fox News reported that the Senate is likely to allow the debt ceiling hike, despite the symbolic stance by the House.

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